Premier Information Management Pink Sheet Status Update

   Premier Information Management, Inc. (PINKSHEETS: PIFR) provides a trading status update for shareholders.

Premier previously announced (16th March) it was beginning the process to obtain full Pink Sheet status.

The company has discussed and negotiated with a number of potential partner brokerages but until recently had not found the most suitable market maker. The company intends to make a positive announcement on a final agreement by July 9th, 2010.

"Finding the right market maker was more difficult than we anticipated but we wanted to make sure of the best possible partnership going forward," said CEO Tom Miller.

'Market Makers' are broker partners required in order to obtain Pink Sheet status. It is through the Market Maker that information on Bid and Ask prices are published.

About Premier

Premier Information Management, Inc. provides business critical information to the global Insurance and Healthcare industries by integrating fast and efficient database driven electronic content management systems to reduce and manage costly risk. Utilizing proprietary software with specially integrated modules, Premier realizes significant increases in data-in/out-report efficiencies delivering decision-critical reports significantly faster than the industry standard. Utilizing the most secure, flexible, and cost effective means to capture, manage and transmit sensitive information, Premier's EDI solutions are the new standard in the information management industry.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. Statements that are not historical facts, including statements about Premier's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Premier does not undertake any obligation to update any forward-looking statement, except as required under applicable law.